Crossmark Global Holdings Inc. Boosts Holdings in RH (NYSE:RH)

Crossmark Global Holdings Inc. lifted its stake in shares of RH (NYSE:RH) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,138 shares of the company’s stock after purchasing an additional 160 shares during the period. Crossmark Global Holdings Inc.’s holdings in RH were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RH. Russell Investments Group Ltd. boosted its stake in RH by 1.9% during the 1st quarter. Russell Investments Group Ltd. now owns 14,503 shares of the company’s stock worth $5,051,000 after purchasing an additional 266 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in RH by 9.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,884 shares of the company’s stock worth $6,228,000 after acquiring an additional 1,580 shares during the last quarter. Edgestream Partners L.P. acquired a new position in RH during the first quarter worth about $2,561,000. Ameritas Investment Partners Inc. grew its stake in RH by 27.0% during the 1st quarter. Ameritas Investment Partners Inc. now owns 7,063 shares of the company’s stock valued at $2,460,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Seven Eight Capital LP raised its holdings in RH by 196.5% in the 1st quarter. Seven Eight Capital LP now owns 7,117 shares of the company’s stock valued at $2,479,000 after acquiring an additional 4,717 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RH shares. StockNews.com upgraded RH to a “sell” rating in a research report on Thursday, September 19th. TD Cowen upped their target price on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus raised their target price on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their price target on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $290.00 price objective on shares of RH in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $326.14.

RH Stock Performance

Shares of RH opened at $315.70 on Monday. The stock has a market capitalization of $5.82 billion, a PE ratio of 185.71, a P/E/G ratio of 1.78 and a beta of 2.43. The company’s 50-day simple moving average is $325.01 and its 200-day simple moving average is $283.56. RH has a 1 year low of $212.43 and a 1 year high of $367.00.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. During the same quarter in the previous year, the firm posted $3.93 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that RH will post 5.65 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Edward T. Lee sold 2,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares of the company’s stock, valued at $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,285 shares of company stock worth $2,871,935. Company insiders own 28.10% of the company’s stock.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.